The price of fwDETH once fell by more than 95% to $85 during the day, and is now at $700, still unpegged

BlockBeats news, on October 11, according to market data, after the "35 million US dollars fwDETH theft" occurred earlier today, the price of the ETH wrapped token fwDETH on the Blast chain once fell by more than 95% to around US$85. It has now continued to rise to US$700, and the 24-hour decline is still 63.77%, which is in a serious unpegged state.

BlockBeats Note: DETH is obtained by depositing ETH (1:1 exchange rate) on Duo Exchange of the Blast ecosystem. Since there is no redemption operation, the exploiter sold dETH on DEX, which triggered the sharp drop in price.

BlockBeats previously reported that a whale address was attacked by phishing earlier today, losing 15,079 fwDETH, worth about US$35 million. On-chain data analysis agency Lookonchain indicated that the address may be related to Continue Capital.